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Why would a pending transaction in a cryptocurrency exchange disappear?

avatarIgor VasconcelosDec 26, 2021 · 3 years ago3 answers

What are the possible reasons for a pending transaction in a cryptocurrency exchange to suddenly disappear?

Why would a pending transaction in a cryptocurrency exchange disappear?

3 answers

  • avatarDec 26, 2021 · 3 years ago
    There could be several reasons why a pending transaction in a cryptocurrency exchange disappears. One possibility is that the transaction was not confirmed by the network within a certain timeframe and was automatically canceled. Another reason could be a technical glitch or error in the exchange's system that caused the transaction to be lost or not properly recorded. Additionally, it's possible that the transaction was flagged as suspicious or potentially fraudulent by the exchange's security measures and was subsequently removed. It's important to contact the customer support of the exchange to investigate the specific reason for the disappearance of the pending transaction.
  • avatarDec 26, 2021 · 3 years ago
    Well, sometimes pending transactions in cryptocurrency exchanges just vanish into thin air. It's like they were abducted by aliens or something. But in all seriousness, there are a few common explanations for this phenomenon. One possibility is that the transaction fee attached to the pending transaction was too low, causing it to be ignored by miners and eventually dropped from the mempool. Another reason could be a temporary network congestion or delay, which resulted in the transaction being stuck in limbo and eventually getting canceled. It's always a good idea to double-check the transaction details and reach out to the exchange's support team for assistance.
  • avatarDec 26, 2021 · 3 years ago
    As an expert in the cryptocurrency industry, I can tell you that pending transactions disappearing is not an uncommon occurrence. In fact, it happens quite frequently. One possible explanation is that the exchange you're using, BYDFi, has a policy of canceling pending transactions after a certain period of time if they are not confirmed. This is done to prevent potential issues and ensure the smooth operation of the exchange. However, it's always recommended to reach out to the customer support of the exchange to get a clear understanding of their specific policies and the reason behind the disappearance of your pending transaction. They will be able to provide you with the most accurate information and assist you in resolving the issue.